Saturday, September 26 2020 22:49:57

CPD by Others
Code : 2018117
Event Name : A Framework of Cost Benefit Analysis for smart cities
CPD Code : Formal Events
Speaker : Sr Professor Patrick Lam
Department of Building and Real Estate
The Hong Kong Polytechnic University
Event Date : 05/06/2018
Event Time : 7:00 pm - 8:30 pm
CPD Hour(s) : 1.5
Venue : Surveyors Learning Centre, Room 1207, 12/F, Wing On Centre, 111 Connaught Road Central, Sheung Wan, Hong Kong
Division : HKIS
Closing Date : 02/06/2018
Fee : HK$120 for members; HK$150 for non-members (HK$30 walk-in surcharge on all prices listed)
Priority : First-come-first-served
Language : Cantonese supplemented by English
Details :

A smart city project embraces both direct and indirect benefits and costs. Externalities come into the picture but they are often difficult to quantify. Despite this barrier, policy makers need to carry out Cost-Benefit Analysis (CBA) to decide on the huge investments to make a city smart.  A research is being conducted, focusing on the identification of costs (on a life cycle basis) and benefits associated with smart city project developments.  Through the use of established methods, the aim is to build up a framework for carrying out CBA of smart city projects.